Choosing a settlement agent/solicitor to manage the necessary paperwork is part of your homebuying process. Essentially, their job is to assist you with the complex and time-consuming process of transferring the land title into your name.
If it is your first time to buy a real estate property, you need to have a trusted settlement agent by your side. It is important to choose a person who cares about your unique situation and will get the job done for you as efficiently as possible.
A settlement agent works with you and gets to know your specific circumstances. They will help you navigate the transfer process, explain any jargon, and manage potential or actual risks with your transactions.
A settlement agent plays an important role in making sure the settlement occurs as planned and in a timely manner. Your settlement agent should be able to do the following for you:
You will want to choose a settlement agent/solictor who specialises in this area and has the appropriate qualifications. Since settlement is a legal process, you will want to ensure you are dealing with a suitably qualified professional.
Property settlement is a complex process that requires a lot of time and financial risks. When choosing a settlement agent, ask them about their experience and any testimonials, references or reviews they may have. It’s a good idea to ask family and friends for recommendations and compare shortlisted agents.
You will also want to check and compare fees, but keep in mind that the cheapest quote may not be the best option in terms of the quality of services you receive. Buying property is one of the most important and potentially stressful events you will experience, so it pays to do your research to ensure settlement runs as smoothly as possible.
For further information about choosing a settlement agent, please visit:
https://www.commerce.wa.gov.au/consumer-protection/settlement-agents
https://www.aicwa.com.au
